Mutual Funds Insights by Dhan for Jun’24

Mutual Fund Investing
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Welcome to our monthly Mutual Funds analysis, where we dive into the AMFI’s latest data to help you understand key market trends and make informed investment decisions.

This Jun, we’ve observed some interesting shifts in the Mutual Funds landscape below are the details.

📈 Industry Highlights.

  • Mutual Fund AUM All-Time high : Mutual Funds AUM reached a new high of ₹61.16 lakh crore. This growth is due net inflows in equity.

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  • Surge in Investors: Over 19 crore investor accounts now, showing that more people are investing in Mutual Funds.

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💼 Types of Mutual Funds and Their Performance

  • Equity Funds reached a record high of ₹40,608 crore, indicating strong investor confidence.
  • Debt Funds saw significant outflows of ₹107,358 crore, primarily due to quarter-end advance tax obligations.
  • Hybrid Funds Inflows stood at ₹8,855 crore, showcasing their continued appeal to investors seeking balanced risk-return profiles.
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💡 SIP (Systematic Investment Plan) Insights

  • High Record Contributions: SIPs received ₹21,262 crore in June.
  • Growing Popularity: There are now 8.99 crore SIP accounts, making up 20% of all Mutual Funds investments.
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🌟 New Schemes Launched in Jun’24

Category Scheme Name Fund House
Multi Cap Fund Motilal Oswal Multi Cap Fund Motilal Oswal Mutual Fund
Small Cap Fund JM Small Cap Fund JM Mutual Fund
Sectoral/Thematic Funds Aditya Birla Sun Life Quant Fund Aditya Birla Sun Life Mutual Fund
Baroda BNP Paribas Manufacturing Fund Baroda BNP Paribas Mutual Fund
Helios Financial Services Fund Helios Financial Mutual Fund
Kotak Special Opportunities Fund Kotak Mutual Fund
Mahindra Manulife Manufacturing Fund Mahindra Manulife Mutual Fund
Motilal Oswal Quant Fund Motilal Oswal Mutual Fund
Samco Special Opportunities Fund Samco Mutual Fund
SBI Automotive Opportunities Fund SBI Mutual Fund
Whiteoak Capital Special Opportunities Fund Whiteoak Capital Mutual Fund
Multi Asset Allocation Fund Bajaj Finserv Multi Asset Allocation Fund Bajaj Finserv Mutual Fund
Index Funds Aditya Birla Sun Life CRISIL IBX Gilt June 2027 Index Fund Aditya Birla Sun Life Mutual Fund
Kotak Nifty 100 Low Volatility 30 Index Fund Kotak Mutual Fund

We trust you found this information insightful and look forward to keeping you informed with monthly industry updates to help you make more informed investment decisions.

Thanks,
Saurav Parui

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My SIP’s which were due on 10th July were missed inspite of having auto-debit mandate activated and having sufficient balance in the bank account. When I reached the customer care, they replied that they see that the SIP’s are cancelled which I didn’t. I can see the SIP’s active in the MF section. Looks like it is totally messed up and no proper response from the team.

Also I have sent the physical docs twice for change of IFSC of my primary bank account and after more than 2 weeks, there is no progress and request is still in the process.

Hope someone looks into these issues @PravinJ @RahulDeshpande @shraddha

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Hi @specter,

Apologies for the inconvenience! We’re on it and will update you soon.

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Hi @specter ,

Like we discussed, nothing to stress about. SIPs are active and deductions will happen effortlessly. IFSC should be updated by EOD

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Thanks team for the prompt response and clearing the misinformation.

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I was told by the team that it would be updated by EOD and now it’s past 2 days since that and the same has not been updated yet.

Also when I mail on an issue, I get reply back process for different issue.

When I raised the issue on AA on linking bank account, the team replied back with process for adding Demat account. Even the CS team has no idea and proper knowledge to provide proper info.

With a good product as Dhan and having incapable customer resolution team doesn’t go well and I hope Dhan fixes this ASAP. And these are small issues, yet taking so much time @PravinJ . Hope to see improvement in this area. Please take this as feedback and not criticism.

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Hi @specter,

We hope that your concern is resolved now. Moreover, we have passed on your feedback to the respective team member.

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@Poornima Can i pledge mutual fund in dhan- i hear big no - all broker is allowing to pledge mutual fund - why dhan not

its a big back for dhan - so only i never move to dhan

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Hey @Riyas ,

Currently we are on the SOA format of mutual funds which does not allow pledging. However, we understand that this is a widely requested feature and are working towards enabling it for our users. Request you patience & support until then.

Thanks,
Pranita
Product @ Dhan

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Pretty informative updates. Do keep on posting the insights every month.

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Nope, issue is not resolved yet till date and even new issues came God knows when you people are going to resolve these @Poornima
New issue is with Bharat Bond FOF redemption. On clicking redeem option, just a blank white screen is being displayed instead of taking me to the redemption page.

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Hi @specter,

As per our discussion, we understand that you are able to redeem Bharat Bond FOF.

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Yes. Thanks for resolving the issue.